Top 3 cryptocurrencies that are faring the best in the 2022 bear market

The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs. The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022.Fears over persistently higher inflation, the Federal Reserve's hawkish response to it, and the ongoing conflict between Ukraine and Russia prompted investors to limit their exposure to riskier assets.

BDSwiss Expands Crypto Offerings, Launching 9 New CFD Products

BDSwiss introduced the new CFD crypto-pairs in response to growing customers’ demands.

After XRP's 37% fall over the past month, investors need to look out for this level

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Witnessing an expected menacing bearish response from the $0.9The post After XRP's 37% fall over the past month, investors need to look out for this level appeared first on AMBCrypto.

For the crypto industry, supporting sanctions is an opportunity to rebrand

Failure to align with the wider financial services industry by enforcing sanctions against Russia will come at a high cost for the crypto sector. One of the first punitive measures leveled against Russia in response to the military invasion of Ukraine was the implementation of economic sanctions aimed at isolating the country from the international financial system.

Senator's Financial Freedom Act would ensure Bitcoin can be in your 401(k)

The bill is a response from the Alabama Senator to Senator Warren and the Department of Labor’s bid to block Bitcoin investments in self-directed 401(k) investment plans. Republican Senator Tommy Tuberville from Alabama has unveiled a new bill he calls the Financial Freedom Act to allow Americans to add cryptocurrency to their 401(k) retirement savings plan unencumbered by regulatory guidance.The new bill is Tuberville's response to the Department of Labor’s (DOL) push to potentially keep crypto out of 401(k) investment plans due to its perceived potential for risk to investors.

Hundreds of NFTs listed on OpenSea from Shanghai residents during COVID lockdown

In response to the city’s COVID-19-related lockdown, Shanghai residents turned to the blockchain to preserve their experiences.

Here’s How Bitcoin (BTC) Will React to Highly-Anticipated Fed Rate Hike, According to Top Crypto Analyst

A widely followed crypto strategist is predicting how Bitcoin (BTC) will behave in response to the Federal Reserve announcing a fresh round of rate hikes.

Bored Ape Creators Slammed for 'Nightmare' Ethereum NFT Land Drop, 'Tone Deaf' Response

Yuga Labs made a heap of ETH this weekend and secondary sales are flying, but not everyone is happy about the Otherside mint.

Indian IT Ministry directs crypto exchanges to store user data for 5 years

The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well as the ownership patterns of customers. The Indian Computer Emergency Response Team (CERT-in), which falls under the Ministry of Electronics and Information Technology, issued a new directive on Thursday, forcing crypto exchanges, virtual private network (VPN) providers and data centers to store a wide range of user data for up to five years.Under the newly issued directive, crypto exchanges operating in India will be required to store customers’ names, ownership patterns, contact information and various other data.

Minecraft Developers’ Petition Against Gaming NFTs Gets Just 72 Signatures in One Week

The muted response perhaps suggests gamer backlash is waning.

Coinbase CEO responds to insider trading allegations with changes for token listings

“There is always the possibility that someone inside Coinbase could, wittingly or unwittingly, leak information to outsiders engaging in illegal activity,” said Brian Armstrong. After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase, CEO Brian Armstrong said the crypto exchange would change some of its token listing practices.In a Thursday blog post, Armstrong did not confirm whether any Coinbase employees had received disciplinary action or been referred for criminal charges in response to allegedly receiving insider information used to profit off certain token listings.

Axie Infinity (AXS) Ronin Network Launches Bug Bounty Program in Response to $600,000,000 Hack

The Axie Infinity (AXS) Ronin Network is launching a “bug bounty” program that will offer up to one million to hackers for finding weaknesses in the project’s blockchain.

XRP: A short-term price swing could be due; here's why

Witnessing a formidable bearish response from the 61.8% Fibonacci resistance, XRP continued to subvert buying rallies on its way south. With no surprise, the current market structure exposed XRP toThe post XRP: A short-term price swing could be due; here's why appeared first on AMBCrypto.

Dogecoin (DOGE) Surges As Elon Musk Attempts Twitter Takeover with Morgan Stanley

The CEO of SpaceX and Tesla is getting closer to his goal of acquiring social media giant Twitter, and in response his favorite cryptocurrency Dogecoin (DOGE) is rallying.

American Investors Led in Realized Crypto Gains in 2021: Report

Chainalysis' recent report has manifested that emerging markets continued to adopt digital assets as a response to inflation in 2021.

Binance Exchange Restricts its Services to Russia

Binance exchange is implementing a new account restriction policy for its Russian users in response to the European Union’s fifth financial restriction on Russia for its invasion of Ukraine.

Jack Dorsey Claims if ‘You’re Building on Ethereum You Have at Least One, if Not Many, Single Points of Failure’

The internet entrepreneur and former CEO of Twitter, Jack Dorsey, claims if developers are building on Ethereum they have “at least one, if not many, single points of failure.” The statement was in response to Vitalik Buterin’s commentary concerning Elon Musk running Twitter.

FBI and CSIA issue alert over North Korean cyberattacks on crypto targets

The cybersecurity agency believes that the threat from North Korean hackers will not go away unless crypto firms take necessary but simple steps to ensure their security. The Cybersecurity and Infrastructure Security Agency (CISA) and FBI have issued an alert on North Korean state-sponsored cyber threats that target blockchain companies in response to the Ronin Bridge hack last month.The alert was issued on April 18 in conjunction with the Federal Bureau of Investigation and the Treasury Department which had warnings and mitigation suggestions for blockchain and crypto firms to ensure their own operations remain safe from hackers.With the @FBI, and @USTreasury, we released a new cybersecurity advisory on North Korean state-sponsored activity targeting blockchain technology and the cryptocurrency industry.

Economist Predicts the Fed’s Response to Inflation Will Push Crypto Higher

Allianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserve’s response to inflation will cause the prices of cryptocurrencies, like bitcoin, to “go higher.” He noted: “That’s what you get when you’ve waited too long to recognize what inflation is and to take action.” Predictions by Allianz’s Chief Economist Economist Mohamed El-Erian discussed the […]

Ripple CEO Optimistic On SEC Case, Why XRP Saw Weak Response

In an interview with CNBC, Ripple CEO Brad Garlinghouse revealed to feels optimistic about the company’s future and its legal battle.

Coin Center takes aim at ‘unconstitutional’ SEC redefinition of an 'exchange'

The DC-based non profit believes the SEC is making a gross overreach with its new proposed definition of exchange as it would include the means of communication and not just trade. Nonprofit blockchain advocacy group Coin Center has called the Securities and Exchange Commission’s (SEC) proposed redefinition of an “exchange” an “unconstitutional overreach.”The lobby group made the comments in a written response to the SEC’s March 18 Amendments Regarding the Definition of “Exchange”, which details changing the meaning of “exchange” from a “system that brings together the orders” of a security to one that “brings together buyers and sellers.”The SEC's proposed rule to change the definition of "exchange."Bringing together orders, which are things, is very different to bringing together people and Coin Center says the latter is tantamount to coercion.The rule change suggests that Communication Protocol Systems are also exchanges which may bring in programmers who merely share code for a crypto trade.

Belarus-born crypto platform halts operations for Russians in response to invasion of Ukraine

“In these circumstances we can no longer continue to serve our clients from Russia,” said Vitalii Kedyk, CEO of Currency.com’s Ukraine arm. Crypto trading company Currency.com has announced it halted operations for clients based in Russia following the country’s “violence and disorder” imposed on the people of Ukraine.In a Tuesday announcement, Currency.com said Russian residents would no longer be able to access its services following the platform’s decision to stop Russia-based clients from opening new accounts.

Celsius announces only transfers from accredited US-based investors will be able to earn rewards

Only “verified accredited investors” in the United States will be able to add coins to their Earn accounts starting on April 15 while users outside the country will be unaffected. Crypto lending firm Celsius Network has announced it will be launching a custody solution for users based in the United States in response to discussions with local regulators.In a Monday announcement, Celsius said its ​​Earn product, which allows users to earn interest on crypto, would be unavailable to US residents making transfers starting on Friday.

European Union Slams Russian Crypto Investors With New Rules in Latest Legislation

In response to the ongoing war in Ukraine, the European Union (EU) is hitting Russian crypto traders with new restrictions.

DAO regulation in Australia: Issues and solutions, Part 2

DAOs appeared as the response to red tape and obsolete approaches in governance.

How the Crypto Community Supports the People of Ukraine – Head of Binance Charity Helen Hai Explains

In response to the military crisis in Ukraine, Binance Charity has committed $10 million to major Intergovernmental Organizations and local NGOs, including UNICEF, UNHCR, the UN Refugee Agency, iSans and People in Need.

UK or US: Here's the country leading the crypto race for the future

Cryptocurrencies over the years have received a mixed response.

Indonesia to impose 0.1% crypto tax starting in May: Report

The government is still reportedly considering how to implement crypto taxes, but legislation passed in response to the pandemic laid the groundwork. The Indonesian government is reportedly planning to charge a 0.1% capital gains tax on crypto investments as well as a value-added tax, or VAT, on digital asset transactions starting from May 1.According to a Friday Reuters report, Hestu Yoga Saksama, a spokesperson for Indonesia’s tax office, said the country will be imposing “income tax and VAT” on crypto assets “because they are a commodity as defined by the Trade Ministry” and “not a currency.” The government is still reportedly considering how to implement such taxes, but legislation passed in response to the pandemic laid the groundwork for collecting revenue on cryptocurrency transactions.Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, confirmed a report that in February 2022, crypto transactions in the country reached 83.8 trillion rupiah — roughly $5.8 billion.

Bank of Japan official calls for G7 nations to adopt common crypto regulations

The Bank of Japan has warned G7 nations that a common regulatory framework for cryptocurrencies needs to be introduced quickly, as current rules do not take into account the potential for digital assets to be used to skirt sanctions. A senior official from the Bank of Japan (BOJ) has warned G7 nations that a common framework for regulating digital currencies needs to be put in place as quickly as possible. G7 refers to the Group of Seven, an inter-governmental political forum made up of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.The statement comes in response to the continued conflict between Russia and Ukraine, as cryptocurrencies and their potential applications for skirting economic sanctions falls under increasing scrutiny.

$10,000,000,000,000 Asset Management Firm BlackRock Exploring Support for Crypto Assets

A top executive at investment management behemoth BlackRock says the company is researching crypto assets in response to heightened interest from clients.